SunContract is an energy trading project from Slovenia that will utilize blockchain technology to raise funds and bring efficiency and transparency to the energy market. SunContract promises to build a decentralized energy trading market.
How will SunContract work?
SunContract strives to modernise the energy sector that is known to be rigid and slowly evolving. However, that does not mean SunContract will have to build a new grid or build new power plants. The focus of SunContract is on optimising retailer’s work and make it less costly and more user friendly. Investments into infrastructure would be too expensive.
Lowering the margin of the retailer will drive down price of electricity for the end user and small producers will get a higher compensation. End customer and small producer will bid on SunContract’s trading platform and settle internally, meaning that SunContract will act as a pool of independent producers and consumers.
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